arbiter
JournalsAccount

Changes in the Reporting of Critical Audit Matters

Kristyn Calabrese et al.

International Journal of Auditing2026https://doi.org/10.1111/ijau.70033article
AJG 2ABDC A
Weight
0.50

Abstract

We examine how critical audit matter (CAM) disclosures changed over the first 4 years of their adoption in the United States. Controlling for client firm and auditor characteristics, we find a significant decline in both the number of disclosed CAMs and the length of CAM reports. Even as CAM disclosures become less extensive over time, they remain significantly associated with client firm size, complexity, profitability, liquidity and uncertainty. Lastly, although audit fees are positively associated with CAMs in the first year, this relationship reverses in subsequent years, particularly for large accelerated filers. Our findings offer evidence of sustained informativeness of CAMs and improved efficiencies for auditors and their clients.

Open via your library →

Cite this paper

https://doi.org/https://doi.org/10.1111/ijau.70033

Or copy a formatted citation

@article{kristyn2026,
  title        = {{Changes in the Reporting of Critical Audit Matters}},
  author       = {Kristyn Calabrese et al.},
  journal      = {International Journal of Auditing},
  year         = {2026},
  doi          = {https://doi.org/https://doi.org/10.1111/ijau.70033},
}

Paste directly into BibTeX, Zotero, or your reference manager.

Flag this paper

Changes in the Reporting of Critical Audit Matters

Flags are reviewed by the Arbiter methodology team within 5 business days.

Evidence weight

0.50

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.50 × 0.4 = 0.20
M · momentum0.50 × 0.15 = 0.07
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.